Ep. 184: Cal Newport Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 24 November 2013

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Cal Newport, an American non-fiction author and associate professor of computer science at Georgetown University.

The topic is passion.

In this episode of Trend Following Radio we discuss:

Alan Watts
Why following your passion isn't such a great idea from Newport's perspective
The notion of deliberate practice and the 10000 hour rule, falling back on simplistic strategies that fail
Passion following success as the true gauge
Misconceptions about passion
Thinking of passion as a side-effect of running your career in the right way
Overcoming difficulty as a necessary step in the process
The work and analysis Newport has done looking at top chess players
The systematic aspect of gaining skill and its ties to passion
Anxiety and failure

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.1	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:32.7	I guess today is Cal Newport.
0:36.3	And Cal is writing on a really cool subject.
0:40.6	Passion.
0:42.3	How to find your passion.
0:45.4	You hear it all the time, right?
0:47.7	Go find your passion.
0:49.6	Chase your passion.
0:53.5	Cal comes at it from a different perspective.
0:58.3	It comes out of from the perspective and how I have come to have the passions in my world.
1:06.9	My passions are twofold, starting out with trading, specifically trend following trading,
1:14.1	and then also having this passion to teach other people and show them what I've figured out.
1:24.8	But when I started both of those endeavors, I didn't wake up and say to myself,
1:31.7	I'm so passionate about this today.
1:34.5	I was motivated.
1:36.5	I wanted to learn.
1:39.3	I remember going through so much trend following material.
1:43.5	And I remember early on, even though I had a few
	...

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